QLD Options History — March 2015

In March 2015, QLD traded between $4.40 and $4.77. ATM implied volatility averaged 29.1%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 4.8% (HV 20d: 24.3%). Max pain ranged from $4.00 to $4.41. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 1.37.

Notable Days

  • 2015-03-26: Highest Volume — 121,728 contracts
  • 2015-03-25: Largest IV spike — 33.0% change
  • 2015-03-10: Highest IV Rank — 47.2%
  • 2015-03-11: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.58$4.40$4.77$4.77$4.46
Max Pain$4.13$4.00$4.41$4.38$4.22
ATM IV29.1%22.3%35.2%22.3%32.9%
Expected Move8.3%6.4%9.8%6.4%9.4%
HV 20d24.3%19.1%30.3%19.1%30.3%
HV 60d30.2%28.6%31.3%30.8%30.4%
IV Rank32.6%16.1%47.2%16.1%41.6%
IV Percentile56.5%13.9%86.9%13.9%76.2%
Term Structure2.0%-1.0%6.1%3.0%-0.4%
VWIV30.7%22.9%39.9%22.9%32.5%
Skew 25d8.2%3.2%12.8%3.2%9.1%
Skew 10d17.0%11.4%27.1%11.4%16.7%
Call IV 25d25.4%21.1%30.2%22.9%26.3%
Put IV 25d33.6%26.1%38.7%26.1%35.4%
Bid-Ask Spread %60.7843.2278.4578.4574.27
Gamma HHI0.110.040.870.060.10
Net GEX1.5M474.1K14.3M909.8K885.1K
Net DEX-45.4M-63.4M-32.4M-56.9M-38.1M
Net VEX-153.2K-186.0K-133.3K-137.1K-183.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.370.186.741.081.19
Total Volume47,4245,824121,72897,216116,448
Total OI346,240307,904389,632320,256370,336

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-03-02$4.77$4.3822.3%6.4%19.1%16.1%22.9%3.2%3.0%909.8K-56.9M-137.1K1.0878.45N/AN/A46,72050,496179,136141,120
2015-03-03$4.73$4.3824.3%7.0%19.7%20.9%24.9%7.1%3.4%862.2K-53.7M-142.3K1.1074.03N/AN/A45,82450,400180,928141,632
2015-03-04$4.69$4.4126.7%7.6%19.6%26.7%25.9%7.2%0.3%775.3K-51.0M-143.8K0.9873.89N/AN/A49,24848,480181,216144,768
2015-03-05$4.71$4.0026.7%7.8%19.3%26.9%31.6%8.1%3.2%855.0K-53.5M-151.4K0.9857.90N/AN/A47,87246,880185,408144,160
2015-03-06$4.59$4.0032.0%8.9%21.6%39.4%35.0%10.6%-0.9%747.7K-46.4M-156.4K1.0759.16N/AN/A46,88049,984186,272145,408
2015-03-09$4.62$4.0029.4%8.3%20.6%33.4%39.9%8.9%3.5%775.1K-48.1M-151.1K0.3643.22N/AN/A8,8643,168186,912146,656
2015-03-10$4.46$4.0035.2%9.3%25.1%47.2%37.8%9.7%1.5%744.1K-39.0M-157.6K2.2944.46N/AN/A4,89611,200194,784147,936
2015-03-11$4.40$4.0034.3%9.8%23.5%45.0%39.4%9.5%0.7%581.2K-35.0M-152.0K2.0545.53N/AN/A2,6885,504195,776152,416
2015-03-12$4.46$4.0029.6%8.5%23.9%33.8%31.5%10.3%2.0%610.4K-36.4M-154.0K3.2349.74N/AN/A1,3764,448196,672156,864
2015-03-13$4.42$4.0033.7%9.7%22.5%43.7%30.2%8.2%0.1%474.1K-33.4M-157.5K0.7248.01N/AN/A4,7043,392197,248159,424
2015-03-16$4.54$4.0330.7%8.8%23.8%36.4%30.7%7.5%0.5%766.6K-43.6M-146.0K0.3848.67N/AN/A6,2722,400199,040162,016
2015-03-17$4.55$4.0331.3%9.0%23.8%37.7%31.6%7.7%0.1%993.6K-45.0M-142.3K0.2149.99N/AN/A7,3281,504202,624162,240
2015-03-18$4.64$4.0326.0%7.4%24.8%25.1%35.5%12.8%4.1%1.6M-53.1M-143.5K6.7474.62N/AN/A4,00026,944205,504163,456
2015-03-19$4.65$4.0327.3%7.8%24.5%28.2%27.5%7.9%4.1%1.6M-54.5M-140.7K0.5356.72N/AN/A10,5925,664206,304173,344
2015-03-20$4.72$4.0924.0%6.9%24.5%20.4%24.3%7.0%6.1%14.3M-63.4M-133.3K0.1864.95N/AN/A28,1924,992211,136178,496
2015-03-23$4.69$4.1624.4%7.0%24.6%21.3%25.8%6.7%5.2%1.0M-51.2M-142.6K1.1161.39N/AN/A6,7207,456184,992122,912
2015-03-24$4.66$4.2224.3%7.0%24.7%21.1%23.1%7.8%5.0%1.0M-50.1M-147.5K0.5565.10N/AN/A7,0723,904189,216126,080
2015-03-25$4.44$4.2232.3%9.3%29.8%40.3%29.7%3.6%-0.6%815.7K-38.7M-151.5K2.4271.05N/AN/A8,38420,256194,624128,416
2015-03-26$4.42$4.2233.9%9.7%29.4%44.0%33.5%10.5%1.0%584.4K-32.4M-169.2K1.0960.94N/AN/A58,24063,488199,744142,848
2015-03-27$4.45$4.2231.2%8.9%29.5%37.5%32.5%9.2%-1.0%690.4K-33.8M-186.0K0.7467.18N/AN/A4,8643,584210,592151,328
2015-03-30$4.55$4.2228.0%8.0%29.8%29.8%30.3%7.9%2.3%951.4K-41.6M-181.5K1.1267.89N/AN/A52,83259,168213,888153,408
2015-03-31$4.46$4.2232.9%9.4%30.3%41.6%32.5%9.1%-0.4%885.1K-38.1M-183.3K1.1974.27N/AN/A53,05663,392216,320154,016